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Dec 20, 2024 11:30 PM UTC
Question

CC expenses - Payroll (Wages & Salaries)

I have already created a journal entry for the wages (COGS) and salaries. I now have a CC charge coming thru for the net taken out of the bank account. What is the correct account to use for these charges when they come thru the bank so they don't impact my balance sheet?

1 reply

FishingForAnswers
Dec 20, 2024 11:46 PM UTC

@lisa-2i-t-com  I'm not sure what you're asking, but the only kind of event that won't impact a balance sheet is an event that cancels itself out.


Credit card charges aren't that.